Economic Backdrop and Financial Performance Objectives
Capital Markets
Capital Markets Total Average Assets ($ billions) (3)
1,193
Flat YoY
Geographic Diversification Across Loan Book
Average Loans Outstanding by Region ($ billions)(1)(3)
551
534
544
526
534
120
122
122
123
122
1,195
1,141
1,090
34
33
32
32
32
31
1,002
54
54
55
54
55
56
33
55
35
36
35
35
35
Q1/2023
Q2/2023
Q3/2023
Q4/2023
Q1/2024
Q1/2023
Canada
Q2/2023
U.S.
Q3/2023
Q4/2023
Q1/2024
Other International
-Lending Revenue ($ millions)
Risk-Weighted Assets, Spot ($ billions)(3)
YoY 11%
Earnings Volatility vs. Canadian and U.S. Peers (Standard
Deviation/Avg Earnings) (2)
242
228
225
220
19.2%
216
Q1/2023
Q2/2023
Q3/2023
Q4/2023
Q1/2024
RBC
30.1%
27.8%
Canadian Peers
U.S. Peers
(1) Average loans outstanding includes wholesale loans, acceptances, and off balance sheet letters of credit and guarantees for our Capital Markets portfolio, on single name basis. Excludes mortgage investments, securitized mortgages and other non-core items. This
chart has been restated to exclude certain intergroup exposures that are not part of the corporate lending business. (2) Reflects pre-provision, pre-tax earnings, which is revenue net of PBCAE and non-interest expenses. This is a non-GAAP measure. Canadian peers
include BMO, TD, CIBC, BNS and NA, US peers include JPM, GS, BAC, Citi and MS. (3) RWA is calculated in accordance with OSFI's Capital Adequacy Requirements guideline. Certain amounts have been revised from those previously presented to conform to our new
basis of segment presentation. For more information, refer to the About Royal Bank of Canada section of our Q1 2024 Report to Shareholders.
23 BUSINESS SEGMENTS
RBCView entire presentation